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2603 Riverside Dr

4,450 SF Office Building Susanville, CA 96130 For Sale

Executive Summary

2603 Riverside Drive presents an investor with the opportunity to purchase a stable leased investment with a AAA grade tenant. The building was built for the Social Security Administration in 2004, and has been leased to them continuously since then. In 2019, the General Services Administration signed a brand new 15 year lease for the Premises, indicating their commitment to the property. A major remodel to the building was completed in April 2021, bringing the building up to date and in compliance with all GSA requirements. This investment opportunity offers a stable and attractive investment, where the investor has the advantage of both income and appreciation.
2603 Riverside is situated in a corridor of federal, county and city services.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
4,450 SF
Building Class
B
Year Built
2004
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,450 SF
Building FAR
0.15
Land Acres
0.66 AC
Opportunity Zone
Yes

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Public Administration
  • 4,450 SF
  • £39.75
  • Full Service Gross
  • Aug 2034

Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Public Administration 4,450 SF £39.75 Full Service Gross Aug 2034

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
105-350-066-000
Land Assessment
£240,579
Improvements Assessment
£1,552,120
Total Assessment
£1,792,699
  • Listing ID: 21425646

  • Date on Market: 05/11/2020

  • Last Updated:

  • Address: 2603 Riverside Dr, Susanville, CA 96130

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